UPDATE: Patterson Cos. (PDCO) Tops Q3 EPS by 11c, Revenues Beat; Raises FY20 EPS Guidance Above Consensus
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Patterson Companies Reports Fiscal 2020 Third-Quarter Operating Results
February 27, 2020 7:00 AM ESTThird-quarter reported net sales increased 4.3 percent year-over-year to $1.46 billion; internal sales also increased 4.3 percent. Adjusted operating margin1 increased 40 bps to 4.3 percent. Dental segment internal sales increased 8.0 percent driven by growth in consumables, equipment and value-added services. Animal Health segment internal sales increased 1.3 percent. Delivered third-quarter GAAP earnings of $0.24 per diluted share and adjusted earnings1 of $0.47 per diluted share. Raises fiscal 2020 GAAP earnings guidance range to $0.49 to $0.54 per diluted share, and adjusted earnings1 guidance range to $1.50 to $1.55 per diluted share.
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